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that obama will have to come to the table with more spending cuts and entitlement reform and republicans might have to give in to some tax increases and the cbo do a recent report, saying if republicans get what they want in extending the entire bush tax cut plan. it would only increase the gd growth by 1.5%. if we do what president obama wants to do, it will only increase the gdp by 1.25%, having said that, it's just not about tax cuts, doug, it's more about cutting wasteful government spending. >> i was going to ask doug about that. doug, would you admit. since we have a democrat in the white house and also, the senate is democratically controlled. would you agree and how much is there of wasteful spending in washington? >> oh, there's a lot of wasteful spending, it's been around for before president obama was in office. and as i said before, he has, with the house republicans has already signed in law a trillion dollars in cut. and he'll do more. and i think that's encouraging and i think that shows he's willing to be plexable there, to angela's point which i agree with, a lot of what
executives in washington, president obama said republicans' aid to examine the reality that tax rates will rise for the wealthiest americans. >> we have seen some movement in the last several days with some republicans. there has been a recognition that, maybe, they can accept some rate increases as long as is combined with a serious impediment reform and additional spending cuts. and if we can get the leadership on the republican side to take that kramer, to acknowledge that reality, then the numbers are actually not that far apart. another way of putting this is, we could probably solve this in about one week. it is not that tough. >> new details have been revealed in the retail giant kermit factory where 120 dacre workers died in a fire last month. "the new york times" is reporting that wal-mart played a key role in blocking the improvement of safety features at the bangladeshi factory. one representative helped quash a proposal that would help to improve safety investments, calling them not financially feasible. documents found at the fire scene also show five of the factory's 14
the democratic process. the republican numbers went down much more than barack obama's did last year. i think they have to be careful about what they are doing here. >> i think the reason simon doesn't like it is because it gives the republicans leverage to force the president to deal with the debt. the president has as much chance of succeeding as you have of getting john bolton to cry on your show. megyn: i think i can do it. a challenge? >> i bet you can. in the last 27 years, every significant debt reduction bill that passed starting with graham rosen has been linked to a debt limit increase. this is the only tool in washington that forces both sides to do something about the debt and spendersing. so republicans aren't going to give this up because it's the only tool they have in this political situation to stop the president from going forward. and the reality is last year speaker boehner set an important resident. it's called the boehner rule. one dollar in spending increase for one dollar for debt limit increase. you balance the budge net 10 years without raising taxes. the republicans
, republicans and democrats remain far from a deal. sunday, small sign of hope. mr. obama and john boehner meet together. a source said, i would be a little enjournlged. not greatly, but a little. republicans may be ready to compromise on tax hikes for the rich. >> there's a growing group of folks looking at this and saying, we don't have a lot of cards in regards to the tax issue. >> reporter: some are open to more tax revenues. the two parties seem to be closer on entitlement, with one leading democrats saying he's open to means testing for medicare. >> i do believe there should be means testing. those of us with higher income and retirement should may more. >> reporter: if washington can't reach an agreement, every american will see a tax hike. >> there's going to be a lot of suffering among a lot of people who deserve otherwise. >> reporter: there's 22 days before the cliff. some lawmakers believe a deal is needed this week if they hope to reach agreement by the end of the year. >> tahman bradley in washington. thank you. >>> john mcafee says he wants to return to the u.s. and live quote wh
counsel as the only legit rat representative of the syrian >>> more republicans are willing to go along with president obama. they want major cuts in entitlement programs in return. tahman bradley joins us from washington with more. >> reporter: sunny and john, good morning. with time running out, president obama and speaker boehner are negotiating directly. congress needs a bill soon. president obama is back on the road today, peddling his plan to avoid the so called fis kalg cliff. in washington, republicans and democrats remain far from a deal. sunday, small sign of hope. mr. obama and john boehner meet together. a source said, i would be a little enjournlged. not greatly, but a little. republicans may be ready to compromise on tax hikes for the rich. >> there's a growing group of folks looking at this and saying, we don't have a lot of cards in regards to the tax issue. >> reporter: some are open to more tax revenues. the two parties seem to be closer on entitlement, with one leading democrats saying he's open to means testing for medicare. >> i do believe there should be means test
and we actually don't know when it was or what was said. and we do know who. president obama and republican house speaker john boehner sitting down for a private meeting. we can tell you the meeting apparently the latest effort to keep us all from going over what some analysts predict would be another recession, triggeri triggering events the fiscal cliff. is tax hikes and deep spending cuts january 1st if law makes can't come up with an alternative. no word if any progress was made. both men issuing statements about the talks, saying the lines of communication remain open. and police in london are owning up to authorities in awes as as the investigation deepens into an of radio station's hoax call made to the hospital. and made by these two. and they managed to dupe a nurse into giving out personal, private information and that nurse, by the way, may have committed suicide. so far police have not exactly linked her death to the prank and now for the time being, we're hearing from members of her family. >> and i'll really miss her a lot. she was a good sister-in-law, i can't
. no date has been set for his discharge. >>> president obama is warning republicans not to use the fiscal cliff to try to win concessions on raising the nation's borrowing limit. nbc's danielle lee is live on capitol hill this afternoon where a perfect storm over spending and borrowing and taxes is shaping up here at the end of the year. danielle? >> reporter: pat, that's a good way to describe it. both sides are digging in their heels, and with no move to avoid the fiscal cliff, or to raise the debt ceiling which is currently at $16.4 trillion, now there's new concern about what could happen to our credit rating in the new year. each day toward the fiscal cliff is also another day closer to the country maxing out on its borrowing limits. president obama called it a dangerous lesson when he talked to business leaders today. >> the only thing that debt ceiling is good for as a weapon is to destroy your credit rating. >> reporter: he's worried republicans may refuse to raise the debt ceiling and risk defaulting on the country's loan. >> that is a bad strategy for america. it's a bad strateg
, they are flying even if the actual negotiations are at a stand still. president obama says republicans, they're the ones that need to take the next step here. republicans say no way, ball's in your court, mr. president. >> we can probably solve this in about a week. it is not that tough. >> now we need a response from the white house. we can't sit here and negotiate with ourselves. now, the revenues we're put on the table are going to come from, guess who, the rich. >> if we can get the leadership on the republican side to take that framework, take knowledge of that reality, then the numbers actually aren't that far apart. >> where are the specifics, where are the discussions? nothing is going on. >> passing middle income tax cut means the end of holding them hostage from tax cuts for the middle -- for the rich. >> i think the next 72 hours are critical. if he sits back and continues to play politics, that will give your answer of where we're going. this is an opportunity for this country to lead. this s this is an opportunity for the president to lead. >> debt ceiling, let's go to the white
-bowles as the frame of reference. the question is not which plan, republican of democratic, is better. it is which plan is closer to simpson-bowles and why. host: here is "the hill" newspaper. obama-friendly business group given greater access to the white house. guest: well, first of all we -- what we do is bring business leaders from around the country to brief the president and economic team on everything from health care reform to immigration reform. the fiscal cliff, intellectual property protection. and the business leaders are speaking for themselves. generally speaking, business leaders are centrist, the data driven, results oriented, and they are looking for compromise in washington. is it a pro-obama group, protest republican group? it is really its own group and the to the people speak for themselves. host: who are some of the names people might recognize, the ceo's of which companies? guest: the efforts the white house has made this year is much larger and much more effective than it was last year. they are bringing in more people with business ford but with a lot of other organization
if we got off the fiscal cliff. 53% say republicans in congress, 27% say president obama. 17% say it's both. what do republicans have in this battle? they really don't have much leverage, do they? >> the democrats faced the same thing in 2000, when george w. bush got elected, they realized they were going to have to scale back and do what he wanted hem to do. they're going to ask for entitle been reform. >> and this is going to happen on december 31st at 11:59? >> boehner and obama are meeting today for a reason because they know they have to do the chest beating inside and out. please, obama's begging, boehner's begging, they're going to finish this up. >>> a popular mexican american singer is missing. she just performed at a concert in mexico last night. what happened after she boarded a plane. two years ago, the people of bp made a commitment to the gulf. bp has paid over twenty-three billion dollars to help those affected and to cover cleanup costs. today, the beaches and gulf are open, and many areas are reporting their best tourism seasons in years. and bp's also committed to a
at home now just 26 days to go for president obama and congressional republicans to reach a deal avoiding the fiscal cliff. mr. obama and house speaker john boehner took a step yesterday, speaking about the standoff on the phone. i guess at least they weren't texting, right? while the details of their chat remain private, both men continued to talk past each other in public. >> let's allow higher rates to go up for the top 2%. >> there are ways to limit deductions, close loopholes, and have the same people pay more, more of their money to the federal government, without raising tax rates, which we believe will harm our economy. >> treasury secretary tim geithner also weighed in yesterday saying the president is willing to allow the nation to go over the cliff if republicans don't agree to raise taxes on the wealthy. >>> we are learning new details about colorado's shooting suspect james holmes now that thousands of e-mails in the case have been released. messages indicate holmes may have had a brief romantic relationship in the days before the tragedy. we have learned that in early june,
barack obama, trying to win that will truly be the super bowl and the republican party today is incapable of competing at that level. >> that's a strong statement, but not entirely inaccurate. she will be a formidable candidate if the economy is improving and they get a budget deal. look, three times in a row, very rare, george bush, ronald reagan, last time it happened. nothing is given, but given the demog r demography, her appeal would be formidable. >> the republican party in four years, hopefully more competitive. governors getting their sfripz. marco rubbo and paul ryan, reframing the republican party. is it possible there could be a new republican party in four years? i certainly hope so. we'll see. >> i have been waiting for this all along. newt gingrich, saying hillary clinton formidable. my god. >> i believe hell has frozen over and cats and dogs now getting together. >> i want hillary to run. i'm excited. >> still ahead, on "starting point" we'll talk about my documentary that aired last night. what it means to be black in america. my new doc looked at racial identity. the cont
deal is reached, the white house saying that president obama met with republican house speaker boehner on ways to overcome their differences. steve is live for us in washington, with more on this. steve? >>reporter: the house speaker went for a white house for a one-on-one chat, the first time they have sat down without other leaders and it could represent an important step toward avoiding the fiscal cliff. the last time the 39 and the speaker met was with other members of congress november 15. they talked wednesday last week but that was a conversation by telephone. now they have sat down face to face. this top level meeting is important in any negotiating process in washington, dc. the fact they met on a sunday underscores the urgency. the white house confirmed the talks were held to discuss efforts to resolve the fiscal cliff and lines of communication remain open. the white house beating is the same day republicans appeared to be moving closer to the president's position on raising taxes for the wealthy. a senator appeared on fox news sunday along with a democrat schumer. >> the gr
and republican leaders at a stalemate, president obama is hitting the road to rally support for his plan, which would raise taxes for the wealthiest americans. he met yesterday with house speaker john boehner, their first face to face meeting in more than three weeks. today the president will visit a detroit engine factory to rally support from auto workers. the president's meeting with speaker boehner didn't yield a big breakthrough, but the men did manage to agree on one thing, and that is that they will keep their negotiations behind closed doors. the men released this identical statement, saying this afternoon the president and speaker boehner met at the white house to discuss efforts to resolve the fiscal cliff. we're not reading out details of the conversation, but the lines of communication remain open. cnn's dan lothian is at the white house this morning. dan, i guess the fact that the lines of communication are open is a good sign. >> reporter: that's right. it is a good sign. it was just about a week ago that we were reporting about how nothing was going on, not in public and not in p
" released a survey earlier this week. it found 53% of people polled would blame republicans for going over the cliff. 27% would blame president obama. not a lot of sunshine that we're seeing this these talks. >> i was telling mike, i was listening to an interview with trent lott, former leader back in the days in the clinton administration. he said he and daschle would good friends and that they worked on it but he was also criticized by his fellow republicans for being a compromiser. when did compromise get to be a dirty word. >> we've seen signs of compromise on the side of john boehner and seen republicans go after him for doing that. >> exactly. it's a price of being a leader. what do you have for us in the next half-hour? >> it's the season we're dressing up our homes with a lot of holiday decor. it looks fantastic but can also be a little dangerous. we'll run through some of the possible dangers you might be having in your home right now. >> thanks, jess. >> you got it. >>> police are looking for suspects if the drive-by murder of a 14-year-old. they believe the whole thing is gang r
geithner confirming what republicans have been saying the obama administration is ready to go over the so-called fiscal cliff if taxes are not raised. >> the administration prepared to go over the fiscal cliff? >> absolutely. there is no prospects in agreement that doesn't involve the raise going up on the top 2 percent. >> house speaker bane another a boehner and president obama have been talking by phone. not much progress was made. boehner says if he doesn't agree with the propose sal he has obligation to submit one of his own. >> the missing girl battling leukemia is safe and is being treated in new mexico. she was taken out of a hospital in phoenix. her mother took her. doctors are worried she could potentially get a deadly infection. the girl's father claims the hospital was to blame for a different infection which cost emily her right arm. he's refusing to tell police where she is in mexico. both parents could face criminal charges. >> shock, disgust and fear spread quickly on the campus of the university of -- one details the exact moment they realty lied they were in a major cris
back the time is 4:25. >> in nationalist president obama met with republican house speaker john boeher at the white house to discuss how to resolve the fiscal cliff. >> few details were released about the meeting yesterday. >> if lawmakers fail to strike a deal before the end of the year, tax increases and spending cuts will go into effect. some analysts say could push the economy back into recession. >> the latest count finds the number of homeless people stayed about the sanctions in january of 2011 and january 2012. the house and other rebel the provinces a sluggish economy as some what countered affect the house the homeless that numbered being around 633,000 people. the percentage of homeless vets as well as those homes for more than a year each dropped by 7 percent. the obama administration has set a goal of eliminating homeless veterans and chronic homeless as by the end of 2015. >> coastal communities destroyed by superstar on sandy are rushing to rebuild their boardwalk in time for next summer. they are in a race to finish by the end of may to retain tourist money they will ne
gotten the republicans into an argument over taxes. and then i give obama great credit for this to revive never seen anybody better at finding to field distractions in order to live with responsibility. [applause] let me say to give you a 2012 variation on ronald reagan's the 51975 bold colors pastels it isn't a winning formula for the republican party. [applause] flights start of the media operates in collaboration with the white house first to create panic. you are going to run off the fiscal cliff unless you do what you're told to do and you are a bad person if you ask a question what is the fiscal cliff and will america be dramatically different on gentry second if we just hold our breath and see what happens. second, moved to destruction. the destruction is grover norquist. i've known grover norquist for a long time. i think that he is a fine person. there is no elective office. and in fact he wasn't elected president. so we have the president of the united states who was responsible for figuring out how to solve the problems who has not offered a single serious cost-cutting measure.
worry mr. obama might cave to republicans, their biggest fear, the president will do what he considered in 2011, raise the eligibility age for medicare, a top house democrat monday warned the white house to tread lightly. >> now that would save a lot of money for the federal government and look good on the balance sheet but he's not going to vote for it and i'm not going to vote for it. >> reporter: this is a big part of the story to come. if there's a deal that's a huge break-through but lawmakers still have to vote for it and democrats oppose large structural cuts to medicare and most republicans oppose income tax rates on the so-called wealthy. that's why lawmakers were told not to make big fiscal travel plans because the crisis could go to new year's eve. >> political director john dickerson joins us. how does a unionized state like michigan become a right to work state and what does it say about the politics of the country today? >> well, it becomes a right to work state by having a legislature that's dominated by republicans, and this is, it's extraordinary. we just had an electio
support for president obama's position in the standoff with congressional republicans. >> the new associated press poll find 48% of americans want tax cuts for wealthy to expire. and it says more people want to cut government services than raise taxes to reduce the federal deficit. >> if the nation goes over the cliff at the end of the year it is going to affect everyone including the unemployed as abc's jonathan karl reports. >> reporter: melinda vega has been put on notice. if congress and the president don't get their act together, her unemployment checks will stop immediately at the end of the year. >> we're dependent on that money to pay the bills. she has been what a job for a year. her $450 a week unemployment check her life line. >> we won't be able to pay some of our bills and, i mean, you know, that's for christmas and things of that nature, probably off the table. >> reporter: she is not alone. without a deal, unemployment compensation will end for more than 2 million people out of work more than 26 weeks. many of the unemployed started receiving the news this week from
by republicans in ohio. immediately after that, the democrats and the obama for america campaign filed petitions to put it up to a referendum. they got enough petitions come and then eventually the legislature repealed it at my suggestion because it was becoming too -- the rhetoric was heated and we needed to start over and avoided the cost of the referendum. that's what happened during the course of the battle trying to find the balance between access and accuracy in balancing that reform and a high of. we had no reform, the damage was done. a set of the partisan feelings that continued through 2012 and even spawned if there was one moment of bipartisan agreement we did pass in the military voter bill during that process it had an amendment to shut down the early voting during the saturday, sunday and monday before the election so that the board of elections would have time to accommodate all of the early votes since the expected to do cash. they passed on a unanimous basis, and eventually it blew up and became the first of the eight federal lawsuits in ohio said even the moments of bipartisan
driven, results oriented. they are looking for compromise in washington. is it a pro-obama group or republican? it is really its own group. host: who are some of the names people might recognize, the ceo's of which companies? guest: the efforts the white house has made this year is much larger and much more effective than it was last year. they are bringing in more people with business ford but with a lot of other organizations as well. the president spoke with financial services leaders and has brought in two groups of big-name ceos. -- the president has spoken with business forward. of out of 10 per ceo's small companies. -- tend to be ceo's of small companies. smaller investors, smaller business owners. host: what are the members concerns with the fiscal cliff stocks? guest: for most small-business owners and senior executives at big companies, the fear is that going over the cliff, even on a technical term, will increase their borrowing costs and will put our economic recovery at risk. most business leaders point to simpson-bowles. they understand that we have to raise reven
and fast. >> my name is -- [inaudible] i have a concern that republicans, like, i did vote for barack obama four years ago, in this time not because i think he betrayed most of his promises. and i would like to see his nobel prize withdrawn too. this would be the first recall of a nobel prize. given that, i think that republicans should move, in my opinion, to the left of democrats, which means you've got to get rid of your right-wing, fascists you have in the party. and that's the only way to win. and i hope -- >> what's your question? what's your question? >> so my question is will the country move just like we gave george bush two terms even though he had screwed up after the four-of -- four-year? is it that if hillary clinton runs as a democrat, she will get the big hammer for all the failures of the obama administration, and the republicans will by default win? >> the last question. boy, we've got lots of questions still. okay, let's take this around and then see if we have some time left over. try to -- we do only have a few minutes, so this is your, i think, treat this as your -- yea
with spending cuts and expiring tax credits. today, president obama pushed his proposed fix saying a deal must include higher tax rates. republicans say that is a job killer. they is said that forever. they let go of that, meeting at the white house yesterday. neither side will give any details about the conversation between president obama and speaker boehner. wendell, is there any time left to get this done? >>reporter: well, folks think there is time for enough of a deal but stopped short of a fiscal cliff but some think that has to happen this week. at a daimler truck stop the president didn't mention the upper income tax hike he is demanding but warned what will happen if congress doesn't extend the middle-class tax cuts both sides want. >> people will spend nearly $200 billion less than otherwise they would spend. consumer spending will go down. that means you have less customers, businesses get fewer profits, they hire fewer workers, you go in a downward spiral. wrong idea. >>reporter: the president criticized the right-to-work deal that michigan's republican legislature is set to pass
obama. it's the first glimmer of hope after weeks of stalemates. today a warning to republicans from a top senate democrat, no hike in taxes on the wealthy, no deal on the debt. >> even if it means going over the cliff? >> i don't want to do it, the president doesn't want to do it but we need to solve the problem. we do not want to drive this economy into another recession. a recession that the republicans will own. >> if we were to pass, for instance, raising the top two rates and that's it, all of a sudden, we do have the leverage of the debt ceiling and we haven't given that up. >> reporter: congress must again vote to raise that debt ceiling early next year, that would mean a replay of last year's battle and a chance for republicans to regain the upper hand. the president has laid down an early marker. >> i will not play that game, because we have got to break that habit before it starts. >> reporter: speaker boehner's visit today with the president was only the second time since the election the two have meat face to face. pu publicly each have been waiting for the other to bli
. yesterday, obama said, "if we can get some leadership on the republican side, we can probably solve this in about a week. it's not that tough." boehner then responded, saying, "i've sent the president our proposal. if he doesn't like our plan, he should come back with a plan of his own." obama responded to that saying, "maybe i will." [ laughter ] which boehner replied, "maybe i will." and mr. obama replied "whatever." mr. boehner replied "whatever times infinity," to which obama replied, "damn, infinity. you win for now." >>> if only it were that simple. well, it is 12/12/12, and over a dozen superstars will be getting together for this huge sandy relief concert. this will be massive and will be broadcast to over 2 billion homes worldwide, making it the most widely distributed music event in history. the lineup just as huge -- bon jovi, kanye west, paul mccartney, bruce springsteen, many, many more. it's going to be pretty incredible. >>> so, in absolutely shocking news -- i know you'll be floored about this one, dylan -- a reality series is being sued for staging events, allegedly
today in 14 other california cities. >>> the president and house republicans have three weeks to compromise on tax hikes and spending cuts. ed to president obama hit the road to rally support from his plan. cbs reporter danielle nottingham has the latest from washington. >> president obama's public campaign to steer clear of the fiscal cliff took him to a diesel engine planted detroit. >> if congress doesn't act soon, meaning in the next few weeks, starting on january first, everybody's going to see their income taxes go up. >> private face to face talks were revised this weekend when house speaker boehner went over to the white house. neither side is releasing details about the conversation, but taxes are still the big sticking point. >> i'm not going to have a situation where the wealthiest among us, including folks like me get to keep all our tax break. >> while republicans have adamantly opposed raising taxes, now some are considering it if democrats agree to social security and medicare changes. republicans were disappointed with the proposed spending cuts in the presiden
popular president barack obama, trying to win that will be truly the super bowl. and the republican party today is incapable of competing at that level. >> we just had the super bowl. now we talk about the next one. "new york times" reporter jody cantor interviewed a number of clinton aides about the future plans of hillary clinton and they didn't hold back. jody, great to have you with me today. all corners of clinton world went on record with you about this. you point out the down sides ofa white house run in your piece saying the more serious issue here is she's about 2016, the less she can do. no frank, seen it all memoir. no clients, commissions or controversial positions that could prove problematic. given what the aides told you is it likely she's going to go off the grid for the next several years? >> she's definitely going off the grid for a few weeks or months. her plan is to try to exit the department of state by shortly after inauguration day. and then she really is going into seclusion. lots of people have been asking her to commit for events for 2013. the state department ha
obama in 2008. he traveled with him to iraq and afghanistan. so there are lots of republicans, i would have to say, who would not be happy with chuck hagel. he was opposed to the surge in 2007 in iraq. so there are some republicans who might challenge him. >> the cia director, too. so i wouldn't necessarily rule that out. >> there is. >> and what about susan rice? >> that is, of course, the big question. my sources say, the president is still very close to her. a huge susan rice fan, as someone said to me. but this source also said the longer she hangs out there the harder it is. of course, last week was not a great week for her. as you recall, she went to the hill to try to asage republican concerns and mf them came out of that lessen thenthusiast. the president is the one who makes these decisions and he's a huge fan of susan rice. >> well, we'll see what he does. >> and don't forget, in the top four cabinet posts, susan rice is a woman. and i think there's a real sense of diversity in that they'dke to see a woman in one of the top four jobs. >> there should be a woman in the top fou
. >> the republicans have conceded the language. >> we could probably solve this in about a week. it's not that tough. >> it was week. >> president obama has said that he has pen in hand and he's prepared to sign the middle income tax cuts. >> you have a president of the united states that has the mighty pen. you bailed out the banks. bail out the american people that don't have homes for the holidays. >> in his second term i hope he will offer fresh ideas and serious leadership. >> we need a response from the white house. >> i'm hea here to tell you that nobody wants to get this done more than me. >> it's true that president obama won reelection and i congratulate him on his victory, but on january 20th, he'll face a stagnant economy and a fiscal mess. >> our people in an overwhelming way supported the reelection of this president, and there ought to be a quid pro quo and you ought to exercise leadership on that. >> you want the answer to solving the fiscal cliff? we put an offer on the table. the president now has to engage. >> you might even say he'll inherit these problems. >> the president is go
. the republicans believe they could have leverage. president obama will need help with another debt ceiling increase in february. experts say republicans will most likely use that as leverage for deeper cuts. over the weekend, more republicans came in and said they believe there will be -- there will need to be tax increases on the wealthy in order for there to be a deal. experts say the line of communications are open. reporting live from washington, d.c., alison burns, ktvu channel 2 news. >> thank you, alison. >>> the number 47 seems to follow, mitt romney -- seems to follow mitt romney. a new poll shows that 47% of americans viewed romney and his former running mate, paul ryan, favorably. in the final tally, romney won 47% of the popular vote in the presidential election. all of this comments romney's comment to donors that 47% of the nation would never vote for them because they are too dependent on government services. >>> north korea just extended the launch period for a controversial rocket launch. now, the u.s. believes north korea uses launches like this to test technology for mis
ourselves today. republicans stand ready to work with president obama for a balanced and bipartisan solution. so far, no evidence of that. let's create a long-term solution that does not burden individuals and gives businesses optimism to go forward and invest in the american economy. then the economy can grow for all citizens. i look forward to the testimony of our witnesses. >> thank you. i will introduce our two witnesses. dr. zandi is the chief economist at moody's analytics. he looks at macro racquets and -- macro economics and public policy. he is the influential source of policymakers and businesses and journalists. recently he published a report assessing the challenges of approaching the fiscal cliff and the most effective way to achieve long-term, fiscal stability. he received his phd from the university of pennsylvania. that will be a recurring theme in these introductions. [laughter] dr. zandi, thank you for being here. dr. hassett is the director and senior fellow at the american enterprise institute. he holds a phd from the university of pennsylvania. his research includes the
. it has a spending problem. under this administration under president obama we have seen record deficits and a record debt accumulate and yet he keeps demanding that we raise taxes -- >> those are some of the republican leadership in the house as you can see responding to the white house's response to their counteroffer of a couple days ago as a reminder the president is going to speak to the business roundtable at 10:50 this morning. we think he'll take some questions even as gop leadership is meeting with small businesses as negotiations or lack thereof over the fiscal cliff continue. >> did you see that the nbc white house team is reporting the belief that perhaps the republicans don't have the fight in them anymore to really dig in now on the concessions on the way which is good news if you don't want to go over the fiscal cliff but they are dispelling the real argument for later on. >> fuel line inspections being ordered for boeing 787 dreamliner. phil lebeau has more on this story. >> a rough day yesterday if you are tracking what's happening with the dreamliner. one of two importa
. >> steve: a republican, a republican on the short list for secretary of defense under president obama. former nebraska senator chuck hagel is reportedly being considered to replace leon panetta. but hagel could present some challenges because he's not a typical republican when it comes to foreign policy. before he left the senate in 2009, he opposed the iraq surge and traveled with then candidate obama on a trip to afghanistan and iraq as well. >> gretchen: 22-year-old woman in oregon jumped in her car and rode off after two kids tried to rob her at a church parking lot. she said she found out they were later 11 and 8 years old. >> i was afraid when i drove away, he would shoot my tire or window or something. i didn't think that i was very safe. >> gretchen: when the boys were later caught, turns out the gun was loaded. it's not known how they got it because of their age, they were turned over to their families. the case is expected to go through juvenile court. >> steve: it was game worth flipping over 6789 the giants crushed the saints. but stealing the spot line is runningback davi
mr. obama will persuade the republican-led state legislature. >> these so-called right to work laws, they don't have to do with economics. they have everything to do with politics. what they're really talking about is giving you the right to work for less money. >> the president preaching to the choir yesterday. he was greeted by rick snyder at the airport in detroit. michigan would be the 24th right to work state in the nation and with its union background, it would be a huge blow to organized labor, which continues to lose its share of the work force. it was a little under 12% of the work force last year. it was 20% 30 years ago. snyder says his goal isn't hurting unions, it's helping michigan. >> i view this as solving an issue for michigan workers. you have hard working people in michigan. this is giving workers choice. >> republicans lost five seats in the michigan legislature last month and democrats accused them of fast tracking the right to work bill through the house and senate in a single day last week to get it done before the new legislature takes office next month. the
. a republican on the short list of secretary of defense. nebraska senator chuck hagel considered to replace panet a. he opposed with the iraq surge and traveled with then candidate obama on a trip. he called for a slow and painful death for soldiers and american familis and psy still performed for the president. ♪ ♪ >> gretchen: he gained fame for the christmas in washington special. many are outraged like the mothers of the navy seals. >> performing for the president is disgusting. how do we choose those role models. he should be on a terrorist watch list. it is disgusting to me. >> gretchen: that mother's son mark allenley lee was the first navy seal killed in iraq. it is interesting when you find out things about people when they are famous. that dance craze took over the world. >> steve: i am surprised mr. psy didn't say let me explain what i was talking about. >> gretchen: he did apologize. >> steve: but nonetheless they didn't pull the plug. >> brian: kill their daughters and kill them slowlyy and smash the model of the american tank and called for our men. what do they teach in s
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